Premier Foods announced a profit warning and a cost-cutting programme on Wednesday as the food group battles sluggish sales and increased commodity prices as a result of sterling's sharp fall since last June.
Pearson plans to sell its Penguin Random House stake as shares plunged after a profit warning. Photograph: Tim Ireland/PA. Mark Sweney · @marksweney · email.
Fines that will pretty much wipe out a year's profits. A grovelling public apology from the chief executive. Immeasurable damage to the reputation of what is one of Britain's most prestigious companies.
Burberry reaped the benefits of a weak pound in the run-up to Christmas as foreign shoppers flocked to the UK to stock up on the brand's luxury goods.
DAVOS, Switzerland, Jan 18 (Reuters) - HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain's exit from the European Union, Chief Executive Stuart Gulliver said on Wednesday.